Running Head: EMPLOYEE DEVELOPMENT PLAN
Abstract
With the nation’s economic turmoil still lingering it is more important than ever to develop plans that will encourage employees to remain with the company. Employee turnover is a crucial issue when it comes to the current economic standing. Each time an employee leaves the company the company loses the money it spent training and developing that employee for the future with the company. The training, classes, and cross skills the company has invested in the employee then benefit the new company. Because this situation costs the company money, a new employee development plan has been designed in the hopes of improving employee retention rates in the future.
Employee development allows for the development of the employee so that they can better equip themselves for their career choices. It is important to support their desire to develop more fully at work, while at the same time not investing money that walks out the door and to the competition. This design allows the company to support and assist the employee desire to develop in career skills and to feel that the company supports the loyalty he or she has shown by years of service while encouraging education as well as cross training. The organizational consultant, per the research information and plan, challenges the organization to embrace the detailed plan to further develop each valuable employee. No matter what, organizational leaders must see the value in employee development and be willing to make the effort to show loyalty to its employees.